Following French publisher Ubisoft's success with the launch of its new open-world action RPG Assassin's Creed Shadows last week, the firm has officially confirmed a major upcoming structural change for its business operations.
Specifically, Ubisoft announced on Thursday morning that it's creating a new gaming subsidiary that encompasses three of its largest franchises: Assassin's Creed, Far Cry, and Tom Clancy's Rainbow Six. The multinational Chinese company Tencent will invest €1.16b (roughly $1.2b) for 25% stake in the division, giving it an approximate enterprise value of €4b ($4.3b). This number exceeds Ubisoft's own by a large margin.
